By This is CNBC’s live coverage of the 2024 vice presidential debate between Minnesota Gov. Tim Walz and Republican Sen. JD Vance in New York City on Oct. 1.
Republican vice presidential nominee JD Vance and Democratic nominee Tim Walz will debate Tuesday night in New York City, for their sole face-to-face showdown of the 2024 election.
CBS News is hosting the debate, but CNBC, NBC News, and other media outlets are also broadcasting the 90-minute-long event, which is set to kick off at 9 p.m. ET.
The debate is being moderated by “CBS Evening News” anchor Norah O’Donnell and “Face the Nation” host Margaret Brennan.
Vance, a 40-year-old who represents Ohio in the U.S. Senate, was tapped as the running mate of former President Donald Trump shortly before the Republican National Convention in July.
Vice President Kamala Harris, who became the Democratic nominee after President Joe Biden quit the election in mid-July, picked the Minnesota governor Walz as her running mate in early August.
Trump and Harris have debated just once this election cycle, on Sept. 10.
Harris has said she is willing to debate Trump again before Election Day. But the Republican so far has ruled that out.
CNBC reporters will be live blogging Tuesday’s campaign news from New York City, Washington, San Francisco and Englewood Cliffs, N.J.
Netflix was hit with a surge in cancellations in the five days after its co-founder and chairman, Reed Hastings, endorsed Harris for president in an X post in July, Bloomberg has reported. At the time, Hastings also announced in an interview that he donated $7 million to a pro-Harris PAC,
The rate of cancellations nearly tripled in the U.S. in the days following the endorsement, according to data from market research firm Antenna. July 26, four days after the endorsement, was the single worst day for Netflix cancellations this year.
— Ece Yildirim
Walz has a policy record in Minnesota that some progressives might only dream of.
With a Democratic governing trifecta and a nearly $18 billion budget surplus, Walz has been able to strengthen union protections, invest over $1 billion in housing resources, pass universal paid family and medical leave, make school lunch free for all students, hike corporate taxes and more.
Walz’s policy achievements serve as a proving ground for some of the Harris campaign’s economic platform. But his liberal spending record and at-times tense relationship with corporations could also serve as a line of attack for Vance in tonight’s debate.
Read more CNBC coverage of Walz’s corporate battles and his overall Minnesota track record.
— Rebecca Picciotto
Walz will begin the day in Harbor Springs, Michigan where he and his team have been since Saturday, preparing for the debate. He will make his way to New York City in the morning.
Like Harris, Walz did his debate prep in a swing state, seizing the opportunity to log a few extra days in a battleground and potentially earn some goodwill among voters there.
Vance flew from Ohio to New York City Monday afternoon, ahead of tonight’s debate.
While Vice President Harris has no scheduled campaign appearances for the day, Trump has two in Wisconsin. The former president will deliver remarks at 2:30 pm ET at a manufacturer in Waunakee, followed by remarks at 6 pm ET at Discovery World Science & Technology Museum in Milwaukee.
— Ece Yildirim
Vance and Walz will face off tonight in New York City, a fitting backdrop for a sparring match that could focus on the economy and high costs of living, which consistently rank as voters top issues.
New York City is plagued by an ongoing affordability crisis.
As of 2022, the median home price in NYC was $724,000, according to the Federal Reserve Bank of New York. The median household income that year was $72,000. As a result, nearly 70% of the population rents their homes.
The office market has also suffered in the wake of the pandemic as remote work policies hollowed out office buildings, leaving some sectors within commercial real estate crumbling.
Still, home to Wall Street and a burgeoning tech sector, NYC’s five boroughs comprise the largest economy in the state and one of the largest in the world.
— Rebecca Picciotto
The New York Times Editorial Board has endorsed Harris for president in an opinion piece, calling her “the only patriotic choice for president.”
“It is hard to imagine a candidate more unworthy to serve as president of the United States than Donald Trump,” the editorial board wrote, arguing that the former president is “morally” and “temperamentally unfit” for the role.
The piece also criticized Trump’s criminal charges and older age compared to Harris, as well as “his fundamental lack of interest in policy and his increasingly bizarre cast of associates.”
“A second Trump term would be much more damaging and divisive than the first,” the editorial board wrote.
— Ece Yildirim
